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. melissa: that was quick end to the point. at the career of being taxed without representation right now. that is all the "money" we have for you today. we'll see you back here tomorrow. gerri willis is up next. ♪ gerri: hello, everybody. i'm gerri willis. tonight on "the willis report". >> is hello kitty really terrifying to some of us? why is one pennsylvania kindergartner in big trouble over his toy gun that only shoots out bubbles? we will have the details on this extraordinary case next. and as president obama celebrates his inauguration day, what will another four years mean for us? >> new ideas and technology. >> that, if you have just a cold? died missing themselves instead of going to the actual doctor. but is this safe? we will ask dr. mitchell brooks. "the willis report" is on the case. gerri: tonight stop -- top story takes us to a suburb located about 90 miles northwest of philadelphia. officials at an elementary school have suspended a five year-old girl over what they called terrorist threats. after the kindergartner reportedly told a classmate that she wanted to share w
. >> good morning, everyone. if you thought tax the rich was over, please think again. in a new budget, senate democrats reportedly want more taxes on the rich and more taxes on oil and gas companies and hire of taxes on corporations make money overseas and charles schumer make more for taxes on meet the press yesterday. >> we need the money and second, a great opportunity for us, in our budget, we will have tax reform many my republican colleagues like, but it will include revenues and a great opportunity to get us more revenues to help in part deal with sequestration and deal with-- >> senator schumer. stuart: you have a great opportunity. so that's where we are headed and the next four years does indeed kick off it had. for a moment. look back. the president's policy mass been to spend more, tax the rich and protect the debt. in 2009 the debt was a little over 10 trillion and nod it's skyrocketed. it's over 16 trillion and it will be 17 trillion by this fall. the number of people on food stamps way up. in 2009, 33 million. today, that number all the way up to 47 1/2 million and stil
equipment to answer legislation on this and finances district proceeds are basically tax increpts that is baseline established and growth above that baseline of what pedestrian interest tax and so it's similar to increment financing and these are at the growth and tax of project's cause that otherwise go to the taxing entities pribblely the generally fund and we hold those proceeds to repay the investment and infrastructure. so no, to the proposed policy. there has been a long tradition both in the charter and in the burton act that the harbor fund is a self supporting the port is a self supporting enterprise and the city obviously, we pay for that was we purchase from the city and we want to maintain a balance so that the 50 city is not subsidizing the hash fund for our activities and the general services that we require from the city and so we have under taken a nexxus analysis in 2004 and eight that looks at the balance of payment and the next is the methodology that ports with long term leases where the tenants pay tax they pay ampleel tax to be provided these services lik
with the conservative republican are surprised to hear the answer is more taxes. this time on hospitals. we will diagnose what this means for you no matter where you live plus the did you know these teeseven has been an entire year since president obama's job council officially made? to as to save the economy. are you happy with how things are going? or power panel is here with what should be happening. for all you brides and grooms to my being the case of cold feet, don't despair. a new company lets you buy and sell your wedding. all you have to worry about is the person elected the altar. the woman behind this new business, even when they say it's not, it's always about "money." all right. we start with the first to announce plans on how exactly it hopes to pay for obamacare. a little bit surprising. republican arizona governor says that the tax increase interstate is the answer. the governor proposing a new hospital provided tax, and this is on topple all the taxes we were just three weeks ago. a number of experts and even some hospitals are on board with the governor's new tax hike. wit
to hire the energy commission. california became the leader in energy efficiency. we put in tax credits and policies of the public utilities commission to favor alternative energy, independent power production. which is obvious today. when they promoted code- generation it was something very novel. 30 years ago. now you have a different name for a period in his third party power production using power in a driving way to recapture the most efficient way. innovation is important. i have to also, every time we heard the word innovation, i have to put a plug in for tradition. i have a very traditional education. i spent a lot of years in silence speaking latin up in the hills, living within the medieval framework. i do respect the past. we study it. if you are grounded in tradition, you feel quite confident in change and innovation. if you are insecure, you are very reluctant to embrace the unknown. i do think we need to in our education and politics, we have to have a new appreciation for our traditions and the patterns that describe our culture and our being as americans. having said all
. melissa: if you thought washington satisfied its search to tax breaks it -- rich, think again. senate democrats reportedly want even more knew taxes. lori: breaking details out of algeria after the bloody for a hostage situation at the gas plant. hopes fading for survivors. the grim toll and the unanswered questions that. president obama making his career just a couple of moments ago that he is ready to do battle on the economy and that, but not at the expense of social security, medicare, and medicaid >> we, the people, still believe that every citizen deserves a basic measure of security and dignity. we must make the hard choices to reduce the cost of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. lori: the president giving his second inaugural address this morning. rich edson now joining us from washington d.c., and that was certainly a politically partisan address we heard from the president. >> reporter: well, it was a d
feasiblability for this probability indicates a 9 million-dollar tax benefit to the city after the cost of the city services and this is after netting out the property tax increment that we would capture through the i f b and so this is really coming from gross receipts tax and sales tax and other tacks that would continue to flow to the general fund. and elane mentioned the idea of excess tax increments and after the project needs are paid there is up to one $.6 billion paid in excess taxes generated from this site. pier 70 is a bit more complicated in that it's divided into a number of districts and a master plan starting in 2,007 and the commission chose to let out pourings of this site in sort-of a segmented manner and the water personal property site is the site under contract for a city development or in development is managing the rehabilitation of the historic buildings along 20th street, we have our ship repair under least and you have heard david talk about cran copark. four city's this the process of doing due diligence for the property right now and they are concerned that
jobs. without the income tax they were forced to limit the growth of their government. every state has prisons, schools but they find a way to fund those for less. those nine states gained population from other states, increase jobs four point* 9%. the other states declined. competition between neighboring states keeps them from indulging. new hampshire kept vermont politicians from going crazy. the exisnce of arizona and nevada teacher the california legislator from going crazy. they still do despite so many people moving. but it is good we have places like texas. smaller government meansfor com. bill see you monday. ♪ ♪ gerri: hello, everybody. i'm gerri willis. more taxpayer waste from the obama administration. you're not surprised. a new report says millions of dollars for great energy and the 2009 stimulus package went to foreign companies. with more on this and, senior political columnist for the washington examiner. it's great to see you again, as always. i mean, look at the dollars and sincere. 16 billion for the green energy program. one out of $4 went to foreign compa
's capitol. >> talk a little bit about the potential for more tax hikes. with house republicans talking about that and a leading democrat coming out saying that congress needs more money in order to reach the numbers they have to get to. he says there is really no way around that except higher taxes. here is charles schumer. >> $1.7 trillion in cuts. we've done $600 billion in revenues. you will need more revenues as well as more cuts to get the deficit down. we're going to do a budget this year and it will have revenues in it and our republican colleagues better get used to that fact. martha: promise, promises right? they will do a budget this year. we haven't seen one in how long? stuart varney the anchor of "varney & company". how many years has it been now? >> i believe it is 3 1/2 years. we go through the tax debate. we thought we got higher taxes on the rich and it was over, not so. senator schumer and fellow democrats are proposing yet higher taxes on the rich, more taxes on oil and gas companies and taxes on profits that american corporations makeover seas. so that is three big areas
well in our society and those who are not suggesting he may not be done taxing the well-to-do on the heels of chuck schumer over the weekend saying that the senate will produce a budget and it will include higher taxes on the wealthy and republicans may not like it but paraphrasing they just have to deal with that. what do you think of that? >> well, i fundamentally disagree. i don't think most americans would say to give more money to washington to have washington spend their money is a way to help anyone. we identify with those who have not experienced upward mobility and want to help those who need a safety net and provide the relief and save the programs and give them some opportunity working through areas on education, hopefully, the white house will finally join us in some of thosests, and there are all kinds of things and workforce training and others that we can find common ground on depending on whether the mood today lasts. >>neil: do you get a sense they are leery, the dims, to go too crazy on spending cuts. the president told president obama he sees it as a h
to your attention last fall san francisco voters passed a tax-change measure. and the mayoral spokesperson in a later article indicated there likely could be more money from this new local tax measure that replaced an outdated one. to the extent that the office of disability, department of aging and adult services and mod can monitor the income from this new tax, i'm going to suggest that some of that extra money could be devoted to restoring some level of the cutbacks already made locally. but statewide is the larger issue. that is where the major changes have come. so i also wanted to alert you to a program called "a california budget for all of us." it's convening groups include well-known groups like the western center on law and poverty, health access, the california partnership, and the california immigrant policy center. the mantra is "restore, rebuild and reinvest." so this advocacy will be taken up by various groups including the california alliance of retired americans. there are four polices that are coming from this california budget for all of us. four polices for the coming
spend the money rather than the citizens of the state of oklahoma deciding where their tax money will spend -- be spent. so, again, and i will tell you, transportation costs all lot more to build a highway today because we have tried to make it available and it has become expensive because we have added all these rules and regulations, all these requirements. a large portion, about 18 percent of of federal highway budget does not go to build the first, bridge, highly tomorrow. goes for enhancements. it's not something that people in oklahoma necessarily what. remanded the percentage that you have to spend on something other than that from a gas tax from putting gas in your tax. to me that is ludicrous. those are nice things. why it's getting ready to happen. what the possible solutions to get out of. here is a great example of how we got in trouble in the first place. what our founders believed was that we would have a very limited central government. i absolutely believe that we should have a limited central government, but it should be authoritative in terms of the areas that w
in terms of the cost of labor, land. we need to make sure that we are not taxing businesses to the point that it is not profitable and we are not attractive for them to be here. we need to reform our payroll tax. that is an incentive not to create jobs. i know the board president david chu is working on possibility this there -- possibilities there. i look forward to working with him. we've targeted efforts to revitalize areas and bring industries here with the tax holiday and proposal introduced yesterday relating to parts of the tenderloin to provide some payroll tax relief to encourage businesses like twitter and others to go there. >> the governor has proposed eliminating funding for redevelopment agencies. what is your opinion of the plan? what are your thoughts on the value of redevelopment agencies? >> i think the plan is over- broad. i do not support it as it relates to san francisco's model of redevelopment. our redevelopment agency does tremendous work in san francisco. a lot of projects like treasure island and what is happening in hunters point, those kinds of projects would
off that narrow band of industry forever. because of high taxes, regulation, and healthy lawsuits, government spending people are leaving. john: great davis in the '90s said we have all of this cash from the.com boom. >> he spent that cash on public sector pension promises and general spending to everybody even austerity spending has gone up. john: beyond population growth. global warning -- warming measure. >> high-speed rail that nobody wants. john: even "the terminator" the republican and i thought here is a politician quoting milton friedman. what happened? >> he enacted the largest tax increase at the state level in history. i resigned as the chief republican whip in protest. john: he also funded stem cell research. i talk to the guy pushing this and i said you could pay for this yourself why is it a government job? >> democrats wanted to stick a thumb into the eye of georgia bush just like the emission standards to say we are californians. john: th i read this organization has to be revamped, a conflict of interest, all of this money is invested? >> now with about the initia
and major particular child tax credit that we've actually increased. that is what we've done with child tax credit and it's the record we should support. >> thank you, mr. speaker. the residents enjoy burgers but also love horses. this morning they will be shocked -- shocked to hear that they might have been eating horses. i wonder if the prime minister can reassure us that he and the government are doing a lot to reassure us? >> i think the honorable lady raises a very important issue, raises a very important issue. and it's an extremely serious issue. people in our country will have been very concerned to read this morning that when they thought of buying beef burgers they were buying something that had horse meat in it. that is extremely disturbing news. i've asked the agency to conduct an urgent investigation into this. they have made clear that there is no risk to public safety because there's no food safety risk. but this is a completely unacceptable state of affairs. they will be meeting retailers and protesters this afternoon to they will investigate the supply chain. it is worth ma
income taxes will likely go up this year 11 percent more than the number who believe gun laws will change. 48 percent say they expect changes through immigration reform this year. 21 percent believe the deficit will get smaller. >> when it comes to the deficit in spending 83 percent were told they believe government spending is out of control that's up from 78 percent back in february 2010 and the next economic debate is whether to raise that debt ceiling. 69 percent of you said it should only be raised after major cuts are made where 23 percent say it would be reckless not to. it is coming up. >>> powerful wind gusts tearing through the midwest knocking down this frtree and causing ito fall into the house in ohio. luckily the people inside the home were in the basement so they were not injured. >>> with the stong winds comes a a -- strong winds comes a bitter cold snap. for more let's go to maria molina. >> we are not looking at cold temperatures across the areas of the midwest but also in the oifrt ea northeast. we didn't get this cold in places like the northeast. take a look at portio
half a percent. they ignored worries about higher taxes. consumption makes up 70% of the u.s. economic growth. the debt ceiling debate, presidential report card and quiet market rally. what does it mean for you money? joining us right now, jared bernstein, center on budget and policy priorities and chief economist to vice president biden. also with us, russ koesterich. thanks for joining us. >> thanks, maria. >> russ, let me kick it up with you. a pretty good rally. on thursday the s&p 500 hitting yet another five-year high. is this rally for real? do you think it's sustainable going forward as we continue through this earnings period? >> i think in the short term, it is. i think we're probably going to hit a road bump in february. the reason i say that is we've got a lot of flows coming into the market early in the year. people were nervous in december. they're coming back in to stocks. that's a good thing over the longer term. we do have some issues coming up. the debt ceiling obviously one of them. the second question is we start to get the economic data. how big of a hit from the t
understanding most of the issue is a discussion or lack thereof between the assessor's office and the tax collector's office. i remember years ago trying to pay my property taxes and being told i am so sorry you can't do that yet. i found it odd that they do not want my money. the process then was that they had not figured out the escape assessment; they were still working on numbers from years earlier. they knew those based on my purchase price but they were not ready to collect the money for four more years. i knew they would be collecting at some point so i set it aside. i can appreciate that so many people don't. if i were asked, i would be happy to lend a hand and solve these problems. >> it is not the role of the assessment board to facilitate a process between our citizens and our homeowners or property owners but for me it is something that as citizens of san francisco, help push to make it easier for people to understand and easier to get a rebate. >> when i had my appeal i talk with five or six people who did not understand the comp period, were certain dates. they had come to
this coming term if we move towards any tax reform measures. senator john tester since 2007, just looking at all of the members of the delegation that are here and there we are seeing more of the some 200 animals that we've been hearing so much about. >> you can mark four off the list. >> exactly. >> senator tester is glad to be in this parade. he got re-elected. >> after a tough battle, that's for sure. >> this is the wind river dancers, the wind river reservation all the way from wyoming. they are here to honor all of us with their performance. $6,000 short of their scaled-down fundraising. they are marching anyway and doing an excellent, excellent job. right now i want to welcome our viewers in the united states and around the world. i'm wolf blitzer here in washington, d.c. we're right across from the president of the united states on the reviewing stand. there it is, the reviewing stand on the north lawn of the white house. kate bolduan is here, jim acosta is here and we're in "the situation room," a special edition of the situation room watching the wind river dancers from the wind
it is one that was reflective of post paul -- both politics. the tax reform act. i enabled it to be lower for everyone. the compromise that fixed social security for years. a benefit to cut and tax increases. that was bipartisan leadership that we needed and had. his service to our country and the terrible wounds he suffered gave him a tremendous strength. he understood what it meant to put country first. people knewar twii that. we do not have that some much now. >> how did you become head of the corporation? >> i had served in the bus administration. -- bush administration. i had a son and we adopted a daughter from china. i wanted more time with my family. i got a call from the bush administration. the new york state banking supervisor -- >> the girlfriend of the mayor. >> i never got the details. i think it is terrible to try to penalize somebody because they're companion is on gun control. that did not go through. they called me if i -- and ask if i were interested. i had served on the fdic. with my dole connections, they were eager to get someone in place. the predecessor had alread
mentioned though bipartisan issues and republican issues such as revamping the tax code and reducing deficits, but he signalled split decisions in an era of divided government. >> progress does not compel us to settle. centuries long debates about the role of government for all time, but it does require us to act in our time. [applause] >> for now decisions are upon us. and we cannot afford to wait. we cannot mistake absolutism for principle or substitute spectacle for politics or treat name calling as reasoned debate. [applause] >> we must act. we must act knowing that our work will be unperfect. we must act knowing that today's victories will be only partial. peter: top republicans issued bipartisan statements in the spirit of the day, but mitch mcconnell, the senate republican leader called federal spending and the debt the transcendent challenge of the great challenges of our day. david: was it president harrison who had a two hour speech at his inauguration that he caught pneumonia. this was one of the quickest speeches i have ever seen before. but bottom line here, the presiden
that they plan on fighting this president very aggressively on spending, tax issues, even though they seem to be getting a little bit of round on the debt issue. postponing it for another three months. i do not see a lot of kuba going on here. >> no. we are hearing lots of things. lower court nominees. i talked to a number of republicans. they will fight on issues of spending and debt and debt ceiling. they are not ruling out. democrats have a ten-point advantage, 55-45. you only need 40. there could be a real showdown if the republicans stick together. they say they are not in the mood to, essentially, they say compromise on things that are poor principles for them. they are more geared up to fight and take on some of these legislative battles. for the next four years we will see. we will have another midterm election that could change the makeup of the house and senate again. that will have a big impact on his last two years in office as well. neil: we are just getting a shot at sasha and melia, the president's daughters. they have grown in the last four years. and his mother in law. thi
. to do it he will have to raise taxes. that will be one of the number one issues on his agenda to raise taxes way beyond where we have been ever since the reagan era. >> juan, how can that be? he has to see the spending problem that we are in. what do you think the thought process is about that since has done some cuts but not enough to make a difference. what do you think his thoughts are on it? >> when you think of some of the positions of debt reduction president obama has been slow to the table in part because he doesn't see republicans as a worthy partner for the steps that have a strong political fallout. people will punish you for people cutting the entitlement programs people punish you at the polls rhetorically. one of steve's great heros congressman ryan of wisconsin took some of that risk and saw the kind of pounding that you take for saying, yes, i would make strong cuts when it comes to something like medicare. i think president obama has been reluctant to join in that junk without knowing that in fact speaker boehner republican leader in the senate mitch mcconnell would be
, this the notice comes directly from sb 1186, the law, which is on the tax and treasurer's form, so i am in conversation with them to also include our departments as a resource as well. so, hopefully that will take place. so just wanted to let you know. so as director mccarthy or commissioner mccarthy mentioned there is this dollar collected and we roughly have about 80,000 businesses registered in the city. and so, 70 percent of that of the dollar is to stay in the local municipality, 65, 5 percent goes to the administration of handling the funds. and then 65 percent is to go towards past inspections and helping businesses do their construction related activities. the requirements and any kind of education and out reach. so i think that it is written pretty broadly, so i think to allow municipalities to sort of develop their own means of how they wanted to administrator the funding. and so, we will be working on that with your department together. and so, roughly that is about 52,000 dollars. should every business pay that dollar. the tax and treasury's office did let us know that with
three weeks. one was on sandy, the other was on raising taxes. in both cases obama had a bipartisan majority in the house. that is a governing majority. he's going to have it on immigration and also on the debt ceiling. not sure he's going to have it on guns, but he's going to drive the really hard-line republicans crazy because he's going to be able to break off 40 or 50 of them for all these other things. chris: that seems to be true as much as the opposition is hotter and perhaps hardening out there on the right. it does seem that the center right and the center are in play and obama is making his move toward them successfully. >> their governing philosophy coming in is that the fever would break among the tea party folks, among the hard right, and also that just folks in the house would sort of move to the boehner philosophy, which is a governing philosophy. the sort of -- chris: in other words, you don't need a majority of the republicans to rule. >> you break the rule, which is what he's done on these big-ticket items. they have been meeting over these last couple of days to f
together school? mr. obama demands of will to pay their fair share of taxes but he is just another elitist hypocrite when it comes to his fair share of security. protection for his kids and gun- free zones for hours. -- for ours. >> at the white house, and jay carney called the ad cover the. the nra says that the ad is not aimed at anyone's child in particular. anyone who says otherwise is changing the topic and missing the point. sales have gone through the roof. can the president moving mountain this time around? >> no, and it is true public opinion has changed, there is more desire for gun control than ever but i do not think congress will budge on the big stuff. what the nra did was odious. i think the president is on the high ground, but he will not get real gun-control done. >> the 23 executive actions were fairly trivial, nothing major about it. i think it will not have any effect. it was the appearance of motion. the three big items on the table for the congress, assault weapons ban, limit on the size of the magazine clip, and universal background checks -- the last one has very st
. for now, the tentative days is the middle of february for the tax collect and her we are planing to go right after within a couple of weeks after the tax collecters. the next project was the refresh fof the computers for the staff. swre been having a three year replacement cycle, where we have deployed computers, every year, we have got about 50 to 100 computers that we deploy. so it is the oldest computer that will would be like four years at the most. so to have been up to date we have purchased the latest of 50 commuters over the counter staff on the fifth floor and they will be getting the new pcs this month and we have plans ongoing every year. we have about 100 in the budget to plan. >> commissioner walker? >> are we testing hand held devices at this point? >> that is the next... >> we did... we started this a year ago and we did purchase a few hand held devices upon the recommendations from our ininstruction staff as well as our emergency management staff. we do want to use those for the ininstruction as well as in an emergency if we need to. we purchased a few and deployed them
not typically bring in any money, we end up putting in we put in a assessment against their property tax so that they can't and that is if you are already broke, there are, you know, if you are already in bankruptcy, it is difficult to get any more. they can also result in being referred to the city attorney's office. sometimes is that after several years, brings in funding and that essentially offsets the city attorney's work to get to that. i don't think that it is a money maker or set up to be that way. but, it is, you know, part of of our mission, and based on your concern and the board of supervisors concern we are trying to putoer resources into that. >> okay, thank you. >> thank you, deputy director. >> commissioner lee? >> yes. >> i have a question on the over all budget plan. >> and workforce. i was wondering if the budget takes into account any additional employees that are needed when they are mandatory retrofit program starts and if it does not, i am wondering what we are going to do, do we need more employees when that happens. >> the commissioner, we already included a couple
connection. and, in fact, that they would -- because they are not required to pay a state tax on the service connections, they would decrease the cost of our service connection by the cost of that tax, which is rough life $650,000. and their service connection would be subject to the same refunds as the pg&e service connection. so that we're at a very equitable basis, but realizing about a $650,000 initial savings on cost of service. it's worth noting also that the puc has additional energy-efficiency rebates that they have indicated that the transit center might be eligible for above and beyond those offered by pg&e. and that puc primarily, because they are primary hetchy and solar power that they are 100% greenhouse gas-free service to the tjpa. so in summary, the sfpuc is offering us an ongoing service rate that would be 10% lower than pg&e's. an initial cost of connection that is again roughly $650,000 less than pg&e's. and has a comparable level of reliability of service. and so the recommendation is that the board authorize staff to negotiate an agreement with puc. >> thank you. act
eventually had four successful stores in san francisco generating thousands of dollars in sales tax, license fees, paraphernalia payroll taxes. the original holy bagel is still in business on 24th street. it's now going on 34 years. gary has only benefited the city of san francisco through community outreach, donations. he has donated food products and money from anywhere from casa delas mad reses to the san francisco unified school district. i believe it's the job of city and county of san francisco to create business and i don't think this is the proper venue to vet what the processes of the department of public works are, which were followed wreckly. thank you. >> thank you. next speaker. >> my name is nigel hall and i remember a small business in marin and i come into the city frequently and invariably i'm in a rush. you don't stop in a store to get a coffee when you are busy rushing from one place to another. and the food trucks and coffee trucks are a great addition to the city. they satisfy a very specific need and it's very different to the market for people who go to a specific
montgomery, we were being investigated for our taxes and they had accused him of falsifying his taxes. of course, martin was very careful about making sure that he doubted all the is and cross all the t's. he said, they're not going to find anything. they decided, the date we moved to atlanta, the law enforcement people here arrested him. i could not understand why they arrested him when he got back to atlanta. that was his home. that is what it was. they had accused him of perjury, a very serious crime. when he realized that this was what had happened -- it had to happen, he had to pay something like $1,500. not a lot of money -- in that day, it was a pretty good sum of money. he said, i do not have time to get lawyers and go to court, so i will pay this even though i do not owe it. they said that by paying it, that was an admission of guilt. he got very depressed, extremely depressed. he said, "i will spend the rest of my life trying to prove that i did not steal the money." i said, "you know you did not steal it. you just have to go on. people will eventually no." -- eventually kno
-cent sales tax dedicated to water and sewer infrastructure. hunter: that sales tax counts for about a third of the revenue of the department right now. franklin: we got 75% of the voters to agree to tax themselves so that their children and their children's children could have clean water because we're investing in it now. hunter: there were no alternatives. the infrastructure was in dire straits. a lot of people didn't want to believe it had to be done, but it had to be done. what came out of those lawsuits by the upper chattahoochee river keeper were two consent decrees, focused on overflows. the intent is, city of atlanta, you need to keep the flows in the pipe. narrator: with the help of the funding the city raised, atlanta has been implementing an asset management plan that evaluates and addresses their infrastructure issues. hunter: it's a continuum. at one end, you have your regular maintenance that you do every day on the system, and at the other end, long-term planning so that every year we're repairing, replacing the right things, and we don't have to do it all at once, which is,
the extension of the bush tax cuts, raising the debt limit, and the potential of automatic cuts in spending. necessity of resolving these issues is what chairman frank he refers to as the fiscal cliff. -- chairman bernanke. it's likely the decision will be given brief extensions so that the next president and congress will be saddled with making the decision. as a second term president, obama would face obstacles rarely experienced by a chief executive returning to office. where he would face sizable numbers of members of the senate and house, whose state they will not compromise. these present ominous clouds on the horizon for a second term for obama. other lessons that obama and the electorate can learn from the experience of presidential history that might give guidance for the resolution of this concern. first, however, it would be helpful to view obama's background in the customary evaluation of him. his opponents and some of his supporters ask, does barack obama have the leadership skills, experience, cultural background and temperament to deserve a second term as president of the uni
the eligibility age and by not increasing taxes subject to the social security payroll tax. it would scale back benefits for wealthier recipients. taking a look at friday's closing numbers. stocks closing the day mostly in the green. the dow closed at a five-year high. the markets are closed today for the martin luther king jr. holiday. it looks like it is better to be single, at least in the financial sense. taxpayers will see the federal tax rates rise this year on wages and investments. the increase will pinch married customers faster than individuals, especially if both spouses work and have capital gains. this is the bloomberg business report. >> with the phony girlfriend story and talk about internet hoaxes, some say now was the time to have a talk about staying safe. >> experts say be careful. >> we need to be aware and need them to use the right types of tools to protect themselves and the kids around them. >> even if you're not interested in a hoax, seize the moment to teach your children. >> it is a good teaching tool. i'm sorry that it had to happen to this young man. i am using the
social security and medicare by raising the eligible age by not increasing taxes subject to the social security payroll tax. scale back benefits for wealthier recipients. stock's closing the day mostly in the green. the markets are closed today for the martin luther king jr. holiday. it looks like it is better to be single, at least in the financial sense. taxpayers will see the federal tax rates rise this year on wages and investments. the increase will pinch mary customers faster than individuals especially if both spouses work and have capital gains. >> it took 32 seconds for the president to begin his second term. a national celebration to welcome back america's president. tracie potts has more when the ceremony gets under way. >> i barack hussain obama -- >> president obama takes the stage this morning having already been sworn in yesterday. >> the last one was kind of fast. we'll take some time to enjoy it. >> hundreds of thousands witness the second inauguration of america's first black president. >> it means a whole lot. >> despite tough approval ratings, president obama still
. >> jared, is there a realistic prospect for something that could respectably be called tax reform or is that simply an exercise to raise a little bit more revenue? >> more of the latter than the former in my humble opinion. it's great they're all getting along today as hampton was telling us, but the idea of very deep tax reform seems pretty difficult given the disagreements up there. on the other hand, you were mentioning this earlier and i agree, the deal will involve both revenues, probably from the tax expenditure side, and spending cuts, and as has been said, the president has significant spending cuts on the table. >> corporate tax reform? >> possibly, but i'm not sure -- that again is going to be lower rate, broader base. i don't know if that's real massive tax reform. >> a second coming out for the obama daughters who have grown up before our eyes. >> people say that the president looks older. those girls look older than they did four years ago, and they, of course, have grown up in the bubble of the white house. >> in percentage terms they've gotten older than he has. >>
. so more invasionive in terms of taxes, which clearly is happening. and less alienled on whgned on about it. should government tax harder or should spending be cut harder? not only is there no agreement, but the democrats now are saying, listen, forget the debt ceiling. let's get rid of that silly little thing. but do we actually need a budget? >> so we're learning that we may finally get a budget for the first time in what, three years? significant, though, because these are just templates. >> i great, they are templates. but letting go at a time when the debt is compounding is worrying. however, having said that, you can get worried about that as a market participant, but as long as the federal reserve has open ended quantitative easing, nothing is going to happen from the long end. >> from a market point of view, we were talking about allen capper about this last hour. but from a market point of view, the best outcome is something that lowers the long-term debt outcome. but we keep get ago worsening of the long-term debt profile and a hit to the near term. that is a mix that
the california's budget picture is ing a lot rosier. >>> governor brown's prop 30 tax measure is in effect in california's budget picture is looking a lot rosier. >> it does, but there's some question now about how the governor got it top billing on the ballot. here's melissa griffin. an appeals court has ruled on a sneaky move by the governor. >> exactly. there's a reason why his measure was the top of the ticket. and molly monger's competing tax measure was far down on the ticket. and they revealed it was a abuse of power. generally the conventional wisdom is things at the top of the ballot have a better chance of passings, the further down they get on the ballot, they are more likely to vote no or not vote. how do we decide what order things go on the ballot. traditionally it's been determined by who gets their signatures in first. in last year's election, the pta backed income tax for education got their signatures in first so they should have been at the top of the ballot. jerry brown was in a pickle. he needed his prop 30 on the ballot and needed
back to california. governor jerry brown says he's fixed the state budget by increasing taxes and keeping a tight rein on spending. he declared an end to the state's prison crisis. correspondent spencer michels sat down with the governor earlier this week in an interview for the pbs "newshour." in this segment, they discuss whether california is really out of the woods and the governor's plans for the future. >> governor jerry brown, thanks very much for talking with us. >> sure. >> governor, proposition 30 in california was sold that it would help the schools and almost exclusively help the schools. are the california schools out of the woods? >> you say out of the woods. we live in the woods, so we don't get out of the woods. but the money is definitely going to the schools. it's very helpful. we're paying down the debt. the state took in borrowing $2.7 billion from the schools and over the next five years we're going to pay back our debts to the schools from the state and they're going to see per kid over about $2,300 per kid for all 6 million kids in california. it's going
a religious organization could own. some taxed religious property. others banned given groups' practices. i'm thinking, for example, eventually various states in the southwest banning polygamy, for example. >> host: so when it came to massachusetts, talk about massachusetts or pennsylvania. of we're here in pennsylvania, as a case study of states regulating religion. >> guest: sure. pennsylvania, for example, had an active blasphemy law which we would nowty of as -- now think of of as starkly unconstitutional. and the last case, um, that was brought, the last criminal prosecution under blasphemy law was actually brought in the early 1970s kind of by accident against someone who had a sign in his window saying something like "wanted: radical carpenter speaks to crowds preaching peace." and, on, this person meant jesus, but someone walking past thought it blasphemous and complained. the american civil liberties union got involved pretty quickly, and the prosecution was dropped. more recently, the, a film company own or tried to name -- owner tried to name his company i choose hell productions
. the city is not getting any sales tax. we pay sales tax to the city. you are losing. we're geting into more areas. construction. this is common view on 2nd street. 2nd street is under massive construction. and it will be. and if you keep putting the truck in there, we're going to have a nightmare on 2nd street. so i think i would like you to reconsider what you are looking at. also the health problem. we have got a flu epidemic going. you want the people who are serving you food to be properly -- [ inaudible ] >> thank you. >> next speaker, please. >> can we ask people not to repeat what has been stated by others. thank you. >> i am jeff knoll, i work as an inspector for the san francisco health department. i'm not here representing the city. i am here as a coffee drinker. i am in and out of restaurants regularly, and instead of standing in line at a restaurant, i would rather grab a quick cup of good coffee at expresso subito. >> my name is lynn person and i have lived and worked in san francisco for the last 29 years. i'm a business person in downtown and i guess i'm repeating a littl
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